Tax & TDS
Section 192 to Form 16 — without the spreadsheet
FastLegal handles monthly TDS calculations, investment proof collection, quarterly 24Q filings and Form 16 generation directly from TRACES.
Calculation
Old vs new regime, optimized per employee
FastLegal recommends the best tax regime for each employee based on their declared investments, HRA, home loan interest and 80C exposure.
- Section 16(ia) standard deduction
- 80C, 80D, 80E, 80G, 80TTA, 80U
- House rent allowance with rent receipts
- Surcharge & cess auto-applied
Payslip
May 2026 · Priya R.
Basic₹60,000
HRA₹24,000
Special Allowance₹26,500
LTA₹4,000
PF (12%)
-₹7,200
TDS
-₹9,400
PT (KA)
-₹200
Net pay₹97,700
Filings
Quarterly 24Q & Form 16 — automated
FVU validation, challan 281, 24Q generation and Form 16 download from TRACES. No more chartered accountant pings at 11 pm.
- Quarterly 24Q with FVU validation
- Challan 281 generation
- Direct TRACES login for Form 16
- Annexure I + II auto-prepared
Compliance calendar
May–June 2026
Score
98
PF ECR
Filed · 15 May
ESI
Filed · 15 May
PT Karnataka
Filed · 20 May
PT Maharashtra
Scheduled · 30 Jun
TDS 24Q Q1
Drafting
LWF Karnataka
Filed · 28 May
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